Although Howard has a substantial amount of money to invest, he has very little time or desire to research companies in order to make investment decisions. What would likely be the best option for Howard's investment management?
A) He should hire a discount broker.
B) He should invest the money himself without an account executive.
C) He should use a full-service broker to help him invest.
D) He should do all his researching and investing online.
E) He should use an exchange such as the NYSE.

Question

Quizplus · Accepted Answer

Since Howard has limited time and knowledge about investing, using a full-service broker would be the best option for him. The broker can offer personalized investment advice and do the necessary research to ensure that he makes informed decisions with his money. Although this option may come with higher fees and commissions, it may save Howard time and increase his chances of making profitable investments.

Although Howard Has a Substantial Amount of Money to Invest